
Cheap Homes for Rent in Lakewood Neighborhood of New Orleans, LA from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of New Orleans.


8428 Oleander St

213 Rosebud St

213 Rosebud St, Unit F

4721 Erato St

622 Hagan Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

209 N Bernadotte St

1228 S Genois St

844 1/2 Roosevelt Place Unit

3508 Cleveland Ave

9309 Belfast St

7931 Olive St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

8210 Forshey St

1916 Eagle St

2732 Whitney Pl, Unit 209

301 Seattle St, Unit 15

3931 Hamilton St

4235 Hollygrove St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

219 N Scott St

8400 Nelson St, Unit 8400
Lakewood, New Orleans, LA Local Guide

How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,577 | $1,175 | $2,500 |
| Lakewood 3 Bedroom Homes for Rent | $1,952 | $1,150 | $3,100 |
| Lakewood 4 Bedroom Homes for Rent | $2,575 | $2,100 | $3,200 |
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of New Orleans, LA.
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Lakewood, New Orleans, LA Local Guide
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Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in the Lakewood area of New Orleans, LA is a 2 Beds unit found at Marquis priced from $726. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Lakewood apartments for rent in New Orleans, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marquis | B2 | 2BR,2BA | $726 |
| Lake Villa | Studio | Studio,1BA | $765 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
| Magnolia Ridge Apartments | A1 | 1BR,1BA | $1,065 |
| St. Michael | Studio | Studio,1BA | $1,079 |
Best Value Apartments for Rent in Lakewood, LA
As of May 27, 2026 the best value apartment in the Lakewood area is the $1.08 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. in the in the City Park neighborhood starting from $2,000. The second greatest value Lakewood apartment is the 8329 Pritchard Pl Model at 8329 Pritchard Pl, Unit Unit B starting at $1,600 with a $1.00 price per square foot in the West Carrollton neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 700 Florida Blvd, Unit 700 Florida Blvd. | 700 Florida Blvd | 3BR,2.5BA | $1.08 |
| 8329 Pritchard Pl, Unit Unit B | 8329 Pritchard Pl | 1BR,1.5BA | $1.00 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| 8537 Forshey St, Unit 8539 | 8537 Forshey St | 3BR,2BA | $1.20 |
| 4151 Canal St, Unit 1 | 4151 Canal St | 3BR,1BA | $1.50 |
| Daytona | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.29 |
| 502 Passera Ct, Unit 502 Passera Court | 502 Passera Ct | 1BR,1BA | $1.50 |
| Lakewood | 2 Bedrooms w/Den, 1.5 Baths | 2BR,1.5BA | $1.33 |
| Blue Plate Artist Lofts | One Bedroom Loft | 1BR,1BA | $1.38 |
| 5547 Woodlawn Pl | 5547 Woodlawn Pl | 2BR,2BA | $1.51 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleLakewood, New Orleans, LA
Ranked #25
Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 263 Apartments for Rent in Lakewood, LA with pricing that ranges from $765 to $9,478. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $595 to $3,200.
What is the current price range for Rental Homes in Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $595 to $3,200 with an average monthly rent of $1,569.
How much are larger Three and Four Bedroom Rentals in Lakewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $1,250 to $2,670, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $3,100. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,545.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans
Written by: Melissa Maxwell
New Orleans is known as The Big Easy, but it's not always easy on the wallet! It's a city built around attracting tourists, so naturally everything is going to be on the pricey side.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.